Tata Motors share rose over 11% in trade today after the auto firm reported a 25.27 per cent increase in total sales for January. Share of Tata Motors gained 11.2%, a fresh 52-week high, to Rs 312 against previous close of Rs 279.75 on BSE.
The stock has gained 17.48% in the last 2 days. The share opened with a gain of 4.65% at Rs 292.75 today. Tata Motors share trades higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. Tata Motors share has gained 87% in one year and risen 70% since the beginning of this year. In a month, the stock has climbed 66.85%.
Market cap of the firm rose to Rs 95,835 crore. Total sales rose to 59,959 units last month against a total of 47,862 units in the same month last year. Domestic sales rose 28 per cent to 57,742 units against 45,242 units in January last year.
However, the company reported 3 per cent decline in total commercial vehicle sales at 32,909 units as against 33,860 units in the year-ago period.
Meanwhile, Sensex reclaimed the key 50,000 mark in early trade today after FM Nirmala Sitharaman presented her third Budget speech. Sensex rose 1,554 points to touch a fresh high of 50,154 and Nifty gained 450 points to 14,731.
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